T Ananda Krishnan-linked Tanjong Plc, which was privatised four years ago, may be returning to the local bourse as a minority shareholder in the impending listing of 1Malaysia Development Bhd’s (1MDB) energy arm, if the amount due to the company is not settled before the listing.
According to banking sources, Tanjong could hold up to a 15% stake in the listed entity should a RM2bil debt owed to it by 1MDB is not settled before the initial public offering (IPO).
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